Why Now is a Great Time to Buy – and Why Using a Buyer’s Advocate Can Give You the Edge
- Loc O'Connell
- May 20
- 2 min read
There’s a shift happening in the Melbourne property market—and if you're looking to buy, now may be one of the best times we’ve seen in years.
In a recent video circulating on social media, several well-known real estate agents weighed in on the state of the market. The takeaway? Buyer demand is building, open for inspections are getting busier, and agents are starting to see stronger offers again.
This momentum is largely driven by two things:
Greater confidence in the market, and
Expectations that interest rates are set to drop.
For those sitting on the sidelines, waiting for a clear "go" signal, this is it. The window to buy before competition heats up and prices rise is open—but it may not stay that way for long.
Interest Rates Cut Again – What It Means for Buyers
On May 20, 2025, the Reserve Bank of Australia (RBA) announced a 0.25% cut to the official cash rate, bringing it down to 3.85%—the lowest level in two years. This marks the second rate cut this year, following a reduction in February.
The RBA's decision comes amid easing inflation, with the annual rate now within the target range of 2–3%, and a desire to support economic stability in the face of global uncertainties.
For buyers, this rate cut translates to increased borrowing capacity and potentially lower mortgage repayments. However, it also signals a likely uptick in market activity, as more buyers re-enter the market, increasing competition and potentially driving up property prices.
Interest Rates Cut – What the ASX Data Tells Us
On May 20, 2025, the Reserve Bank of Australia (RBA) officially cut the cash rate by 0.25%, bringing it down to 3.85%. This marks the first rate cut of the year and signals a potential turning point in the economic cycle, aimed at supporting borrowing confidence and overall economic stability.
This move aligns with what the financial markets had already been anticipating. According to the ASX 30 Day Interbank Cash Rate Futures, the market still expects a gradual decline in rates over the coming 18 months.
Here’s what’s currently expected:
May 2025 – 3.85% (actual)
August 2025 – 3.52%
December 2025 – 3.08%
June 2026 – 2.985%
Why Using a Buyer’s Advocate Matters Now More Than Ever
With a shifting market and economic tailwinds, the support of a buyer’s advocate can be the difference between making a smart decision—and making a costly one.
At O’Connell Buyer’s Advocate, we:
Access off-market and pre-market properties you won’t find on realestate.com.au
Provide expert guidance on what represents good value
Strategically negotiate to secure the best price and terms
Take the emotion and guesswork out of the process
Final Word: Act Before the Market Turns
With interest rates poised to fall, buyer activity rising, and vendors becoming more realistic, now is a golden opportunity to buy smart—especially with the right advice in your corner.
Want help making the most of the current market?
📞 Book a free strategy session today by giving us a call on 0428 208 180.
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